Sino American Oil Company
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
- Health & Safety
- Community Investment
- Asset Retirement
Governance Achievements
- Established five committees: Audit Committee; Environment Committee, Social & Governance Committee; Corporate Governance & Compensation Committee; and Reserves Committee.
Climate Goals & Targets
Long-term Goals:
- Achieving net zero emissions
Environmental Challenges
- Potential for spills and their environmental impact
- Managing future liabilities and Asset Retirement (AR)
Mitigation Strategies
- Extensive asset integrity program to rank assets for spill risks and implement early spill detection systems
- Active participation in the management of future liabilities and Asset Retirement (AR), committing funds to responsible decommissioning, abandonment and reclamation programs